Thread: Peeked at my Prince William County Assesment 2007

You mean http://www.zillow.com
It lists recent home sales but I have found it to be lacking in the amount of properties it has listed with prices. Still, couldn't hurt to look. Good luck!

Originally Posted by Silverbird

Someone's completely wrong. 2006 prices around here were insane, so the 2006 property assesment wasn't much of a surprise. but last year you couldn't sell a house to save your bacon unless you took a huge price cut. I'm looking for some realistic assesment data. Anyone know the name of that assesment site? Zpillow or something?

I live in Prince William County also. Housing moved very slowly if at all last year. One of my Pool customers is a real estate agent and told several times last year how the housing market sucked. Buyer's market. I've looked at my zestimate on zillow several times and from peak to where they have me estimated now my home has dropped about $120,000.

I think PWC keeps everything over assessed so they can gouge us with real estate taxes', on the flip side I don't really want my home to lose value. Catch22

I had a discussion with a real estate agent not long ago. She discussed the possiblity that some areas had under assessed and were now increasing assessments to be more in line with market prices. In that case assessments would still increase even though the actual market price is decreasing.

Originally Posted by poolman

I live in Prince William County also. Housing moved very slowly if at all last year. One of my Pool customers is a real estate agent and told several times last year how the housing market sucked. Buyer's market. I've looked at my zestimate on zillow several times and from peak to where they have me estimated now my home has dropped about $120,000.

I think PWC keeps everything over assessed so they can gouge us with real estate taxes', on the flip side I don't really want my home to lose value. Catch22

Well, I got an assesment on my property to re-finance my loan at a lower rate, and PWC can say what they want - there's a difference on the assesment of around 100K+. So, I'm not sure if having a high PWC assesment means anything for anyone other than taxman.

PWC is taking a hit on their revenue as they had to lower rates some time ago because of rising property values. Ok, I understand that. But to adjust it seems instead of fessing up and raising rates, they are coming up with rather...let's say unrealistic? values.

My assessment actually looks quite accurate. You can find your PWC assessment here:

http://www4.pwcgov.org/realestate/LandRover.asp

-----Jim

Real Property Assessment, Prince William Co, VA

were updated today.

http://www4.pwcgov.org/realestate/LandRover.asp

Originally Posted by poolman

I live in Prince William County also. Housing moved very slowly if at all last year. One of my Pool customers is a real estate agent and told several times last year how the housing market sucked. Buyer's market. I've looked at my zestimate on zillow several times and from peak to where they have me estimated now my home has dropped about $120,000.

I think PWC keeps everything over assessed so they can gouge us with real estate taxes', on the flip side I don't really want my home to lose value. Catch22

Very interesting. We have watched prices here decline and the number of pages of sales in the Saturday paper have dropped dramatically. Our assessment of last year has also gone up. Imo City Hall is about a year behind entering data to properly adjust land/property value so this summer may actually see even more of an increase instead of following the actual market decrease. The sellers are offering so much now and having to take a loss especially if they just bought in the last few years.
http://www.zillow.com Very cool site! Saw my house pop up and thought someone had it on the market! WHOOOOP!! lmao! My estimate is probably about 60k over actual market value right now if I were to try and refinance or apply for an equity loan. But Fair If I were going to try and sell it. Would make for a good asking price :->

Originally Posted by Silverbird

Well, I got an assesment on my property to re-finance my loan at a lower rate, and PWC can say what they want - there's a difference on the assesment of around 100K+. So, I'm not sure if having a high PWC assesment means anything for anyone other than taxman.

Well well well, I jumped the gun. I needed to look at the 2008 assesment. 2008 assesment dropped around $55K. Ok, it's still higher than the assesed value by 50K, but definitely in the ball park.

Originally Posted by Silverbird

Well well well, I jumped the gun. I needed to look at the 2008 assesment. 2008 assesment dropped around $55K. Ok, it's still higher than the assesed value by 50K, but definitely in the ball park.

I'm not sure about Prince William County, but I had the same problem. I protested their assessed value, saying that there was no way I could get their assessed value out of my home.

The response was that the assessment was for the value at a particular date in 2007 (April, I think). There was a significant drop in value after that. So the problem probably is that you're looking at the end of the year (after) and they're looking at the beginning of the year (prior to everybody learning about the housing market blues).